£94,786
This estimated value is based upon the latest sale price for the house of £93,000 on 27 May 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £93,000 | 27 May 2022 |
| £130,000 | 22 May 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 583 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in May 2022 the House Price Index for WEST MIDLANDS was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £93,000 results in an estimated price of approximately £94,786.
| 27 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.6 | 1.920 % | £93,000 | £1,786 | £94,786 |
The Postcode Pricing Model uses changes in average sales price within the WV6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 38.099 % | £35,431 | £128,431 |
| 3 Month Average | 7.646 % | £7,110 | £100,110 |
| 6 Month Average | 14.057 % | £13,073 | £106,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £99,473 | £98,000 | 3 RICHES HOUSE RICHES STREET |
| 28 Apr 2023 | £197,072 | £194,950 | 12 ST JUDES ROAD |
| 13 Jan 2023 | £164,226 | £165,000 | 14 ST EDMUNDS CLOSE |
| 12 Sep 2022 | £79,359 | £80,000 | 10 RICHES HOUSE RICHES STREET |
| 11 Jul 2022 | £100,220 | £99,950 | 11 THE CEDARS |
This house has a floor area of 54 sq meters or 583 sq feet when measured on 27 Jan 2012. Using an estimated price of £94,786 means this house is valued at £1,748 per sq meter (£162 per sq foot).
The average size of a house on RICHES STREET is 84 sq meters (908 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Edmund'S Close |
| Mar 2024 | Anti-social behaviour | On or near St Edmund'S Close | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Edmund'S Close |
| Mar 2024 | Other theft | Under investigation | On or near St Edmund'S Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Edmund'S Close |